Cool Equity Home Interest Loan References
Cool Equity Home Interest Loan References. This type of loan can be either a first lien or second lien on the property, depending upon whether the first mortgage has been paid off. It will also be renamed the home equity access scheme.

It pays out cash in a lump sum and has a set repayment term. On average, home equity loan interest rates start around prime plus 2%; Home equity is an owner's interest in a home.